Lincoln National Co. (NYSE:LNC) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its stake in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 315,254 shares of the financial services provider's stock after selling 24,710 shares during the period. Nuveen Asset Management LLC owned about 0.19% of Lincoln National worth $9,997,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. NorthRock Partners LLC bought a new position in shares of Lincoln National during the 4th quarter valued at about $313,000. Occudo Quantitative Strategies LP purchased a new position in Lincoln National during the fourth quarter valued at approximately $329,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Lincoln National by 17.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,990 shares of the financial services provider's stock worth $1,744,000 after purchasing an additional 8,165 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Lincoln National by 18,466.7% during the fourth quarter. Lazard Asset Management LLC now owns 3,899 shares of the financial services provider's stock worth $123,000 after buying an additional 3,878 shares during the period. Finally, Interval Partners LP lifted its stake in shares of Lincoln National by 153.7% during the fourth quarter. Interval Partners LP now owns 81,986 shares of the financial services provider's stock worth $2,600,000 after buying an additional 49,670 shares during the period. Institutional investors own 72.81% of the company's stock.

Lincoln National Trading Up 1.2%

Lincoln National stock traded up $0.38 during trading on Thursday, reaching $33.27. The company had a trading volume of 1,497,036 shares, compared to its average volume of 1,638,806. Lincoln National Co. has a 12-month low of $27.58 and a 12-month high of $39.85. The stock's 50 day moving average price is $32.75 and its two-hundred day moving average price is $34.00. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 1.81, a PEG ratio of 0.30 and a beta of 1.42. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.27 and a current ratio of 0.27.

Lincoln National (NYSE:LNC - Get Free Report) last released its earnings results on Thursday, May 8th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. Lincoln National had a net margin of 17.76% and a return on equity of 18.47%. The firm had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. Lincoln National's revenue was up 14.0% compared to the same quarter last year. As a group, equities analysts expect that Lincoln National Co. will post 7.69 earnings per share for the current fiscal year.

Lincoln National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.80 annualized dividend and a yield of 5.41%. Lincoln National's dividend payout ratio is currently 25.57%.

Insiders Place Their Bets

In other Lincoln National news, EVP Sean Woodroffe sold 43,622 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $32.78, for a total transaction of $1,429,929.16. Following the completion of the sale, the executive vice president now directly owns 154,102 shares in the company, valued at $5,051,463.56. The trade was a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.51% of the stock is owned by insiders.

Analysts Set New Price Targets

LNC has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Lincoln National from a "hold" rating to a "sell" rating in a research report on Monday, May 12th. Keefe, Bruyette & Woods reduced their target price on shares of Lincoln National from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Piper Sandler dropped their target price on shares of Lincoln National from $38.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Barclays raised their price objective on shares of Lincoln National from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Evercore ISI raised their price objective on shares of Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $36.82.

Lincoln National Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.